Replies to post #30934 on Options Wonderland

[SherriT]

I was short, and I held my positions because I thought it was just another intraday rally, and by the time I found out about the rule, it was really too late. I could have played differently, but I bought thinking the pattern would continue, and all evidence pointed to the pattern continuing until we had the covering. Absolutely no reason to go back up 700 points on all of that bad news....IMHO.


Mama and Daddy always said it's how you play the game - trade to trade well and the rest will fall into place ;-)